Reverse Mortgages: How they work

    The following has been provided by Judy Schwartz, an expert on reverse mortgages: Thank you Judy for the great information. If you'd like to explore if a reverse mortgage is right for you or your parent/s please get in touch with me … [Read more...]

Is An FHA Mortgage Better Than A Conforming One?

The FHA is insuring a greater percentage of loans than during any time in recent history. In 2006, it insured roughly 5 percent of the purchase mortgage market. Today, it insures one-quarter. ”Going FHA” is more common than ever before — but is it better? The answer — like most things … [Read more...]

What Is Annual Percentage Rate (APR)?

More commonly called APR, Annual Percentage Rate is a government-mandated mortgage comparison tool. It measures the total cost of borrowing over the life of a loan into dollars-and-cents. A loan’s APR is printed in the top-left corner of the Federal Truth-In-Lending Disclosure, as shown above. … [Read more...]

Market Update: San Francisco Home Sales Continue Toward Recovery

San Francisco Home Sales Continue Toward Recovery     Curious about how our San Francisco market is doing?    The latest city wide market update is below as provided by the S.F. Association of Realtors.  Twelve weeks of Zephyr Real Estate sales data is below as well.  Our … [Read more...]

Market dynamics district 4, S.F. CA

Market dynamics district 4, S.F. CA   Full pdf report to download; district 4 S.F. A balanced market is considered 6 months of inventory. Less then 6 months = seller's market more than 6 months = buyer's market As of April 2011 there was 1.6 months of inventory   … [Read more...]

Foreclosures And Short Sales Distorting “Home Price Trackers”

In an echo of February’s Case-Shiller Index report, the government’s own home price-tracker — the Home Price Index — showed home values slipping between January and February 2011. The Federal Home Finance Agency data had home values down 1.6 percent nationwide in February, on average, … [Read more...]

Get Your Applications In : FHA Mortgage Insurance Premiums Rising 0.25 Percent April 18, 2011

After this week ends, the FHA is raising mortgage insurance premiums on its new borrowers. It’s the FHA’s third such increase in the last 12 months. Beginning with FHA Case Numbers assigned April 18, 2011, mortgage insurance premiums will be higher by 25 basis points per year, or … [Read more...]

Moving to the S.F. Bay Area with a dog or cat? Tips on how to make your rental app stand out for a pet-friendly rental

Moving to the S.F. Bay Area with a dog or cat?  Tips on how to make your rental app stand out for a pet-friendly rental   Planning a move to San Francisco or surrounding regions & you have a dog?  Here are a few tips to help your rental application stand out from your competition. … [Read more...]

San Francisco: Portola district home market sales activity

San Francisco: Portola district home market sales activity     The full report for Portola district single family home sales 2010/2011 comparison can be downloaded at the link below. A few highlights include that inventory has come down quite a bit from 2010 to 3.8 months … [Read more...]

FHA : Monthly Mortgage Insurance Premiums To Rise April 18, 2011

For the third time in 12 months, the FHA is changing its mortgage insurance costs. Effective for all FHA case numbers assigned on, or after, April 18, 2011, annual mortgage insurance premiums (MIP) will increase 25 basis points. The change will add $250 to an FHA-insured homeowner’s annual … [Read more...]

Cost of Living Reaches An All-Time High, Pressures Mortgage Rates Higher

Mortgage rates are up 0.875% since mid-November, causing home buyer purchasing power to fall more than 10 percent since. Persistent concerns over inflation are a major reason why and this week’s Consumer Price Index did little to quell fears. CPI rose for the third straight month last … [Read more...]

Cost vs. value: what home renovation projects have the greatest return?

Cost vs. value:  what home renovation projects have the greatest return? A new garage door, window replacement & minor kitchen remodels top the list for greatest ROI.  If you're thinking about upgrades to your home, talk with your Realtor for guidance on what is appropriate for your … [Read more...]

FHA Loans: Opening Your Doorway to Homeownership in the S.F. Bay Area

During the Great Depression, the federal government sought to create a stable platform for economic growth, and that platform was homeownership. Through bolstering the rate of homeownership, the feds felt citizens would be in a better position to give back to the economy. With that in mind, in … [Read more...]

Home Supplies Plummet, Home Sales Surge Putting Pressure On Prices To Rise

Image: Damian Brandon / Existing Home Sales surged 12 percent last month, closing 2010’s housing market with strength. An “existing home” is a home that cannot be categorized as new construction; a resale. According to the National Association of REALTORS®, … [Read more...]

Building Permits Surge In December; Signals A Strong Spring Housing Market

Each month, in conjunction with the Department of Housing and Urban Development, the Census Bureau releases its New Residential Construction report. The report is comprised of several sections, one of which counts the number of homes that have “broken ground” nationwide. They’re called … [Read more...]